Monotone second-best optimal contracts
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Rogerson, William P, 1985. "The First-Order Approach to Principal-Agent Problems," Econometrica, Econometric Society, vol. 53(6), pages 1357-1367, November.
- Jewitt, Ian, 1988. "Justifying the First-Order Approach to Principal-Agent Problems," Econometrica, Econometric Society, vol. 56(5), pages 1177-1190, September.
- Dilip Mookherjee & Ivan Png, 1989. "Optimal Auditing, Insurance, and Redistribution," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 104(2), pages 399-415.
- Amiya K. Basu & Rajiv Lal & V. Srinivasan & Richard Staelin, 1985. "Salesforce Compensation Plans: An Agency Theoretic Perspective," Marketing Science, INFORMS, vol. 4(4), pages 267-291.
- Balachandran, Kashi R. & Ronen, Joshua, 1989. "Incentive contracts when production is subcontracted," European Journal of Operational Research, Elsevier, vol. 40(2), pages 169-185, May.
- Ricart i Costa, Joan E, 1988. "Managerial Task Assignment and Promotions," Econometrica, Econometric Society, vol. 56(2), pages 449-466, March.
- Paul R. Milgrom, 1981.
"Good News and Bad News: Representation Theorems and Applications,"
Bell Journal of Economics, The RAND Corporation, vol. 12(2), pages 380-391, Autumn.
- Paul R. Milgrom, 1979. "Good Nevs and Bad News: Representation Theorems and Applications," Discussion Papers 407R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Clausen, Andrew, 2013.
"Moral Hazard with Counterfeit Signals,"
SIRE Discussion Papers
2013-13, Scottish Institute for Research in Economics (SIRE).
- Andrew Clausen, 2013. "Moral Hazard with Counterfeit Signals," Edinburgh School of Economics Discussion Paper Series 225, Edinburgh School of Economics, University of Edinburgh.
- Martin Byford, 2003.
"Moral Hazard From Costless Hidden Actions,"
Working Papers
2003.03, School of Economics, La Trobe University.
- Martin Byford, 2003. "Moral Hazard From Costless Hidden Actions," Working Papers 2003.03 EDIRC Provider-In, School of Economics, La Trobe University.
- Carlier, G. & Dana, R.-A., 2005. "Existence and monotonicity of solutions to moral hazard problems," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 826-843, November.
- Byford, Martin C., 2017. "Moral hazard in strategic decision making," International Journal of Industrial Organization, Elsevier, vol. 55(C), pages 114-136.
- Annalisa Luporini, 2006.
"Relative performance evaluation in a multi-plant firm,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 28(1), pages 235-243, May.
- Annalisa Luporini, 2005. "Relative Performance Evaluation in a Multi-Plant Firm," CESifo Working Paper Series 1420, CESifo.
- Robin Boadway & Motohiro Sato, 2015. "Optimal Income Taxation with Risky Earnings: A Synthesis," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(6), pages 773-801, December.
- Faynzilberg, Peter S. & Kumar, Praveen, 1997. "Optimal Contracting of Separable Production Technologies," Games and Economic Behavior, Elsevier, vol. 21(1-2), pages 15-39, October.
- Jiajia Cong & Wen Zhou, 2021. "Optimal contract under double moral hazard and limited liability," Journal of Economics, Springer, vol. 134(1), pages 49-71, September.
- Lee, Hangsuck & Lee, Minha & Hong, Jimin, 2022. "Optimal insurance under moral hazard in loss reduction," The North American Journal of Economics and Finance, Elsevier, vol. 60(C).
- Shi, Xianwen, 2012.
"Optimal auctions with information acquisition,"
Games and Economic Behavior, Elsevier, vol. 74(2), pages 666-686.
- Xianwen Shi, 2007. "Optimal Auctions with Information Acquisition," Working Papers tecipa-302, University of Toronto, Department of Economics.
- Dionne, Georges & Harrington, Scott, 2017. "Insurance and Insurance Markets," Working Papers 17-2, HEC Montreal, Canada Research Chair in Risk Management.
- Englmaier, Florian & Wambach, Achim, 2010.
"Optimal incentive contracts under inequity aversion,"
Games and Economic Behavior, Elsevier, vol. 69(2), pages 312-328, July.
- Englmaier, Florian & Wambach, Achim, 2005. "Optimal Incentive Contracts under Inequity Aversion," IZA Discussion Papers 1643, Institute of Labor Economics (IZA).
- Englmaier, Florian & Wambach, Achim, 2010. "Optimal incentive contracts under inequity aversion," Munich Reprints in Economics 22027, University of Munich, Department of Economics.
- Magill, Michael & Quinzii, Martine, 2008.
"Normative properties of stock market equilibrium with moral hazard,"
Journal of Mathematical Economics,
Elsevier, vol. 44(7-8), pages 785-806, July.
- Martine Quinzii & Michael Magill, 1899. "Normative Properties Of Stock Market Equilibrium With Moral Hazard," Working Papers 82, University of California, Davis, Department of Economics.
- Inés Macho-Stadler & David Pérez-Castrillo, 2018.
"Moral hazard: Base models and two extensions,"
Chapters, in: Luis C. Corchón & Marco A. Marini (ed.), Handbook of Game Theory and Industrial Organization, Volume I, chapter 16, pages 453-485,
Edward Elgar Publishing.
- Ines Macho-Stadler & David Pérez-Castrillo, 2016. "Moral Hazard: Base Models and Two Extensions," CESifo Working Paper Series 5851, CESifo.
- Inés Macho-Stadler & David Pérez-Castrillo, 2016. "Moral Hazard: Base Models and Two Extensions," Working Papers 883, Barcelona School of Economics.
- Michael Magill & Martine Quinzii, 2005.
"An Equilibrium Model of Managerial Compensation,"
IEPR Working Papers
05.22, Institute of Economic Policy Research (IEPR).
- Martine Quinzii & Michael Magill, 2005. "An Equilibrium Model of Managerial Compensation," Working Papers 53, University of California, Davis, Department of Economics.
- Nasri, Mostafa & Bastin, Fabian & Marcotte, Patrice, 2015. "Quantifying the social welfare loss in moral hazard models," European Journal of Operational Research, Elsevier, vol. 245(1), pages 226-235.
- Prescott, Edward Simpson, 2004. "Computing solutions to moral-hazard programs using the Dantzig-Wolfe decomposition algorithm," Journal of Economic Dynamics and Control, Elsevier, vol. 28(4), pages 777-800, January.
- Guillaume Roger, 2016. "A Revelation Mechanism for Soft Information under Moral Hazard," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 18(5), pages 752-763, October.
- Seog, S. Hun & Hong, Jimin, 2024. "Moral hazard in loss reduction and state-dependent utility," Insurance: Mathematics and Economics, Elsevier, vol. 115(C), pages 151-168.
- Bender, Klaus & Richter, Andreas, 2002. "Optimales Vertragsdesign bei moralischem Risiko in der Rückversicherung," Working Papers on Risk and Insurance 9, University of Hamburg, Institute for Risk and Insurance.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ejores:v:90:y:1996:i:3:p:625-637. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eor .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.